Philips grows lighting portfolio with acquisition
Company acquires energy-efficient lighting provider Optimum Lighting
Philips announced recently that it has acquired Optimum Lighting, a privately owned company specialising in customised energy-efficient lighting solutions for the office, industry and retail segments. This acquisition complements Philips’ customer-centric innovation capabilities and strengthens its global leadership position in professional lighting solutions, the company said in a statement.
“Office lighting uses approximately 30% of the total energy consumption in buildings, so there is a great opportunity to upgrade the older inefficient lighting currently used in the majority of buildings to state-of-the-art energy-efficient solutions,” said Rudy Provoost, chief executive officer of Philips Lighting. “The acquisition of Optimum Lighting further strengthens our overall ability to deliver tailor-made turnkey solutions to our customers that provide superior lighting performance, while reducing their operating expenses.”
Founded in 2005, Optimum Lighting manufactures a full range of lighting fixtures designed to meet the needs of the growing demand for energy-efficient products. The company specialises in the rapid design, building and engineering of customised energy-efficient lighting solutions and the delivery of associated services for the professional market. Optimum Lighting is headquartered in Henderson, North Carolina, USA, with approximately 70 employees. Financial details of the acquisition were not disclosed.